We are in overshoot.

Commerce and industry, driven by the insatiably greedy demands of capitalism, consume more resources every year than our planet can possibly replace. And there’s no reset at the end of the year. The deficit just keeps growing. 🧵 1/2
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Since the early 2000s, the nonprofit Global Footprint Network has calculated what it calls “Earth Overshoot Day,” the date on which we outstrip our resources each year. At present, human society consumes resources at a rate that would take 1.75 Earths to sustain.

So, from August 1 of this year onward, everything we consume adds to our collective debt. In the language of ecological economists: We’re in overshoot.

In reality, the Earth does not reset each year. Overshoot is more like charging groceries to a credit card after you already blew your monthly budget. It can’t go on forever. Eventually, those bills come due.

The debt we accrue manifests in three main ways: Waste accumulates, resources deplete, and ecosystems degrade. As these impacts grow, Earth’s ability to regenerate diminishes — what that means in the long run remains unclear, but it seems likely that the consequences will grow more severe as our debts mount.
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LEARN MORE -- https://grist.org/economics/how-to-fix-earth-overshoot/

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